Hydraulic Excavator Global Market Report 2026

A hydraulic excavator is a robust construction machine that utilizes a hydraulic system to carry out diverse earthmoving tasks. It typically consists of a boom, dipper (or stick), bucket, and cab mounted on a rotating platform. By harnessing hydraulic fluid under pressure, the excavator effectively powers and maneuvers its components, enabling it to excavate, lift, and transport large quantities of material.

Hydraulic excavators are primarily classified into crawler, mini, and wheeled types. Crawler excavators are outfitted with tracks instead of wheels, enhancing stability and traction, which makes them well-suited for challenging terrains and heavy-duty applications such as mining and construction. These excavators vary in power ratings, from 0-300 hp, 301-500 hp, and above 501 hp, and are available in sizes ranging from up to 8 tons, 8 to 12 tons, and 12 to 20 tons. They are operated through different mechanisms including electric, conventional, and hybrid, serving diverse end-users such as contractors, rental providers, and others.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Tariffs are impacting the hydraulic excavator market by increasing costs of imported engines, hydraulic pumps, electronic control units, steel structures, and undercarriage components. North America and Europe are particularly affected due to dependence on imported machinery and parts, while Asia-Pacific manufacturers face export pricing challenges. These tariffs raise capital costs and slow fleet upgrades. However, they are encouraging local assembly, regional sourcing of components, and accelerated development of electric and hybrid excavator platforms.

The hydraulic excavator market research report is one of a series of new reports from The Business Research Company that provides hydraulic excavator market statistics, including hydraulic excavator industry global market size, regional shares, competitors with a hydraulic excavator market share, detailed hydraulic excavator market segments, market trends, and opportunities, and any further data you may need to thrive in the hydraulic excavator industry. This hydraulic excavator market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The hydraulic excavator market size has grown steadily in recent years. It will grow from $71.28 billion in 2025 to $73.33 billion in 2026 at a compound annual growth rate (CAGR) of 2.9%. The growth in the historic period can be attributed to urbanization and infrastructure growth, traditional earthmoving methods, expansion of contractor fleets, mechanized construction adoption, availability of diesel excavators.

The hydraulic excavator market size is expected to see steady growth in the next few years. It will grow to $82.74 billion in 2030 at a compound annual growth rate (CAGR) of 3.1%. The growth in the forecast period can be attributed to electrification of construction equipment, smart jobsite integration, emission regulations, growth of rental services, demand for fuel efficient machinery. Major trends in the forecast period include shift toward compact and mini excavators, rising rental equipment demand, adoption of hybrid and electric excavators, focus on operator comfort and safety, expansion of urban construction projects.

The increasing construction activities are expected to drive the growth of the hydraulic excavators market going forward. Construction activities involve the development of buildings, infrastructure, and other structures. The rise in construction is driven by rapid urbanization, infrastructure expansion, and a focus on efficiency and precision in building projects. Hydraulic excavators are essential in modern construction, providing the power, efficiency, and versatility needed to perform diverse and demanding tasks. For instance, in July 2024, according to the Bureau of National Statistics, a Kazakhstan-based government agency, the total value of construction services in 2023 was estimated at 7,612.8 billion tenge, reflecting a 15.1% increase compared to 2022. Therefore, the growth in construction activities is boosting the hydraulic excavators market.

Major companies in the hydraulic excavator market are focusing on advanced solutions such as intelligent machine control (IMC) 3.0 to enhance operational productivity and achieve greater precision. Intelligent machine control (IMC) 3.0 is an advanced, sensor- and GNSS-enabled automation system that uses 3D design data to guide and control excavator movements in real time, helping operators achieve higher digging accuracy, automate tasks, reduce rework, and improve overall site productivity. For example, in April 2025, Komatsu Ltd., a Japan-based global construction machinery manufacturer, launched the PC220LCi-12 intelligent excavator for automated and precise site operations. It features factory-integrated 3D boundary control, automatic bucket-movement adjustments to match design specifications, and real-time payload and bucket-edge monitoring, improving productivity, minimizing rework, reducing the need for survey personnel, and enhancing decision-making through precise digital excavation control.

In September 2024, Epiroc AB, a Sweden-based mining company specializing in innovative and safe equipment, acquired ACB Morin for an undisclosed sum. This acquisition enables Epiroc AB to expand its product range in excavator attachments and quick couplers, strengthen its market presence in Europe, and foster innovation in sustainable construction practices. ACB Morin, a France-based manufacturer, supplies essential hydraulic components that improve the performance and efficiency of hydraulic excavators.

Major companies operating in the hydraulic excavator market are Caterpillar Inc., Deere & Company, Komatsu Ltd., Kubota Corporation, Liebherr Group, Sany Heavy Industry Co. Ltd., Volvo Construction Equipment, Hitachi Construction Machinery Co. Ltd., Sumitomo Heavy Industries Construction Crane Co. Ltd., Zoomlion Heavy Industry Science & Technology Co. Ltd., Terex Corporation, JCB Inc., Wacker Neuson SE, Lonking Holdings Limited, Shantui Construction Machinery Co. Ltd., Bobcat Co., Sunward Intelligent Equipment Co. Ltd., Kobelco Construction Machinery Inc., Guangxi LiuGong Machinery Co. Ltd., Takeuchi Manufacturing Co. Ltd., Hyundai Construction Equipment Co. Ltd., Doosan Infracore Co. Ltd., XCMG Construction Machinery Co. Ltd., Yanmar Holdings Co. Ltd., Shandong Huitong Heavy Industry Co. Ltd.

Asia Pacific was the largest region in the hydraulic excavator market in 2025. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the hydraulic excavator market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the hydraulic excavator market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The hydraulic excavator market consists of sales of short-swing radius excavators, long-reach excavators, and compact excavators. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Hydraulic Excavator Market Global Report 2026 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses hydraulic excavator market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for hydraulic excavator ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The hydraulic excavator market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market. This section also examines key products and services offered in the market, evaluates brand-level differentiation, compares product features, and highlights major innovation and product development trends.
• The supply chain analysis section provides an overview of the entire value chain, including key raw materials, resources, and supplier analysis. It also provides a list competitor at each level of the supply chain.
• The updated trends and strategies section analyses the shape of the market as it evolves and highlights emerging technology trends such as digital transformation, automation, sustainability initiatives, and AI-driven innovation. It suggests how companies can leverage these advancements to strengthen their market position and achieve competitive differentiation.
• The regulatory and investment landscape section provides an overview of the key regulatory frameworks, regularity bodies, associations, and government policies influencing the market. It also examines major investment flows, incentives, and funding trends shaping industry growth and innovation.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.
• The total addressable market (TAM) analysis section defines and estimates the market potential compares it with the current market size, and provides strategic insights and growth opportunities based on this evaluation.
• The market attractiveness scoring section evaluates the market based on a quantitative scoring framework that considers growth potential, competitive dynamics, strategic fit, and risk profile. It also provides interpretive insights and strategic implications for decision-makers.
• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth.
• Expanded geographical coverage includes Taiwan and Southeast Asia, reflecting recent supply chain realignments and manufacturing shifts in the region. This section analyzes how these markets are becoming increasingly important hubs in the global value chain.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The company scoring matrix section evaluates and ranks leading companies based on a multi-parameter framework that includes market share or revenues, product innovation, and brand recognition.

Scope

• Markets Covered:1) By Type: Crawler; Wheeled
• 2) By Power Rating: 0-300 HP; 301-500 HP; Above 501 HP
• 3) By Size: Upto 8T; 8 - 12T; 12 - 20T
• 4) By Operating Mechanism: Electric; Conventional; Hybrid
• 5) By End-User: Contractors; Rental Providers; Other End Users
• Subsegments:
• 1) By Crawler: Standard Crawler Excavators; Heavy-Duty Crawler Excavators; Compact Crawler Excavators
• 2) By Wheeled: Standard Wheeled Excavators; Compact Wheeled Excavators; All-Terrain Wheeled Excavators
• Companies Mentioned: Caterpillar Inc.; Deere & Company; Komatsu Ltd.; Kubota Corporation; Liebherr Group; Sany Heavy Industry Co. Ltd.; Volvo Construction Equipment; Hitachi Construction Machinery Co. Ltd.; Sumitomo Heavy Industries Construction Crane Co. Ltd.; Zoomlion Heavy Industry Science & Technology Co. Ltd.; Terex Corporation; JCB Inc.; Wacker Neuson SE; Lonking Holdings Limited; Shantui Construction Machinery Co. Ltd.; Bobcat Co.; Sunward Intelligent Equipment Co. Ltd.; Kobelco Construction Machinery Inc.; Guangxi LiuGong Machinery Co. Ltd.; Takeuchi Manufacturing Co. Ltd.; Hyundai Construction Equipment Co. Ltd.; Doosan Infracore Co. Ltd.; XCMG Construction Machinery Co. Ltd.; Yanmar Holdings Co. Ltd.; Shandong Huitong Heavy Industry Co. Ltd.
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Taiwan; Russia; South Korea; UK; USA; Canada; Italy; Spain.
• Regions: Asia-Pacific; South East Asia; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time Series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data Segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
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